Market Watch: Best and Worst for 2013

Erik Hitzelberger — Wed, 08 Jan 2014 17:15:43 +0000

About a year ago, Trulia released their predictions on the best and worst markets for real estate in 2013. They rounded up 13 of the healthiest markets in the U.S. going into 2013, and 13 of the least-healthy markets. You might say it was a play on the year 2013 with listing the “Lucky 13 vs the Unlucky 13.” Forming the lists, they took into account how local employment, foreclosures and home sales and prices are affecting each market. Also included in the formula was job growth, occupancy and home prices.

Check out the lists below to see which real estate markets were predicted to have a good start in 2013 and which were predicted to be down on their luck in the new year.

Louisville, KY

Healthiest

(No. 1): Houston, TX

(No. 2): San Francisco, CA

(No. 3): Bethesda-Rockville-Frederick, MD

(No. 4): San Antonio, TX

(No. 5): Austin, TX

(No. 6): Seattle, WA

(No. 7): Omaha, NE

(No. 8): Peabody, MA

(No. 9): Fort Worth, TX

(No. 10): Louisville, KY

(No. 11): Little Rock, AR.

(No. 12): Middlesex County, MA (Boston suburb area)

(No. 13): Boston, MA

Least-Healthy

(No. 1): Detroit, MI

(No. 2): Fort Lauderdale, FL

(No. 3): Miami, Fla.

(No. 4): West Palm Beach, FL

(No. 5): Cape Coral-Fort Myers, FL

(No. 6): Palm Bay-Melbourne-Titusville, FL

Chicago, IL

(No. 7): Chicago, IL

(No. 8): Orlando, FL

(No. 9): Tampa, FL

(No. 10): Lake County, Ill.-Kenosha County, WI

(No. 11): Jacksonville, FL

(No. 12): Las Vegas, NV

(No. 13): Tucson, AZ

As expected a lot of the “sand states” were predicted not to fair so well in 2013. There were also some curious dark horses on the predicted healthy list. It will be interesting to see what markets were actually the best and worst of 2013 according to Trulia once their Year End Report comes out later this month.

We would love to hear from you! Do you live or invest in any of these markets? How relevant were Trulia’s predictions? Did they get it right on the best and worst markets for 2013?

To learn more about Part-Time REI visit us at http://part-timerei.com/

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So 2013 is over, Now What?

Erik Hitzelberger — Wed, 01 Jan 2014 18:20:41 +0000

As 2013 started we saw a recovery with the real estate market start off as slow as a snail. But as the 2nd quarter started we started to see the new light of day. By the 3rd quarter we were seeing numbers the real estate market hadn’t seen since the 2008 crash. The fourth quarter hit so many records in real estate that it had many experts predicting another real estate bubble.

As we’ve said many times in our blogs, things are much better in today’s market. Home prices are inching up. Sales are rebounding. And while foreclosure is still a problem, it’s much less of a problem than it was in early 2009. There’s a lot of positive news about housing all over the United States.

While most investors are interested in their local market, we encourage all investors to look at the big picture. Something all investors need to stay aware of. Not to say that we don’t encourage you educate yourself on your own market; this is important as well. Do the research and tell us what you think 2014 holds. Here are several outlets on opinions of real estate trends and what the market for 2014 has in store for investors in real estate. What are your 2014 real estate predictions?

http://www.cbsnews.com/news/top-10-real-estate-trends-for-2014/

http://www.gayapolis.com/news/artdisplay-realestate.php?artid=27478

http://realtybiznews.com/2014-a-time-for-change-in-the-real-estate-market/98723164/

http://retradio.com/predictions-2014-real-estate-2/

http://www.cbsnews.com/news/5-predictions-for-housing-in-2014/

http://realestate.msn.com/2014-housing-outlook-home-prices-head-higher